The Bradley Co. had $185,000 in 2002 taxable income. Using the rates from Table 2.3 in the

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The Bradley Co. had $185,000 in 2002 taxable income. Using the rates from Table 2.3 in the chapter, calculate the company’s 2002 income taxes.

Table 2.3

$ Taxable Income 50,000 50,001- 75,000 75,001- 100,000 100,001- 335,000 335,001-10,000,000

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Fundamentals Of Corporate Finance

ISBN: 9780072553079

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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Question Posted: Oct 03, 2023 09:02 AM

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The Bradley Co. had $185,000 in 2002 taxable income. Using the rates from Table 2.3 in the

Question:

$ Taxable Income 50,000 50,001- 75,000 75,001- 100,000 100,001- 335,000 335,001-10,000,000 10,000,001-15,000,000 15,000,001-18,333,333 18,333,334+ Tax Rate 15% 25 34 39 34 35 38 35

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Fundamentals Of Corporate Finance

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